Quest Software (QSFT) Not Receiving Much Interest During 'Go Shop' Period -DealReporter

March 28, 2012 3:07 PM EDT
Get Alerts QSFT Hot Sheet
Trade QSFT Now!
Join SI Premium – FREE
Quest Software (Nasdaq: QSFT) shares took a sharp move lower heading into the last two hours of trade Wednesday amid a DealReporter piece which suggested the company's "go shop" initiative is not getting much interest.

If no other bids are seen, the company will merge into Insight Venture Partners in a $2 billion deal, or at about $23 per share in cash to Quest holders.

Shares of Quest are down 1.7 percent to $23.55 this afternoon.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Mergers and Acquisitions, Rumors

Add Your Comment